Reborn as a female internet celebrity in a county town

Chapter 305 Digging Up Their Roots

Guan Sheng's performance was rather unremarkable.

However, if it were just a trivial matter, he wouldn't have specifically called Yan Li to come over, since in the eyes of outsiders, Yan Li was in charge of the entire fund's operations.

The A-share market is now open.

After the two sat down, Guan Sheng said, "I've reviewed your application for the transfer agreement. The transferee seems to have no issues. We just need to ensure that the transferee is following the rules. The reason I called you here is to ask you one thing: has the transferee done anything illegal?"

The so-called violations were what Yan Keming did a month ago.

For example, they might enter the stock that Tianjin Capital is about to acquire in advance, drive up the price while the sentiment for the acquisition is high, and then exit with a profit.

The profits can be used to absorb the shares acquired by Tianjin Capital after its shareholding increase.

This behavior is also known as market manipulation, and it is one of the most serious crimes.

Yan Li said, "Don't worry, Leader Guan. This is a last resort for the company to deal with the redemption. After all, the redemption amount this morning has exceeded 4 billion, and it is estimated that there will be 10 billion redemptions throughout the day. Our Tianjin Hybrid Selection Fund is already insufficient."

This kind of thing is simply impossible.

That's tens of billions of dollars! Who can make tens of billions from a single stock?

If it were a small-cap stock, with its large volatility and frequent price swings (often doubling in value), this kind of operation would still be possible.

However, Muyuan Co., Ltd. has only increased by 50% since they started to acquire shares, and there has been no significant increase in trading volume during this period.

The trading volume increased today, with over 2 billion yuan traded this morning.

If not that many were released, how could they possibly have made a profit of tens of billions?

Once Muyuan shares are taken over by someone else, the upward momentum will basically come to an end, as no one else has the same ability to influence sentiment as Tianjin Capital.

Therefore, no matter how you look at it, Guan Sheng's question is absurd.

Guan Sheng nodded and then asked, "Tianjin Capital is still in the initial investment period and has encountered uncontrollable factors. It is understandable that they made these applications for the benefit of fund investors. I would like to ask if you are sure that Tianjin Capital does not currently have any other funds to deal with the redemptions?"

"Sure!"

"Isn't there any other way to resolve this? After all, you were the ones who raised the sign, so you should have considered these consequences when you did it."

Yan Li was stunned.

She certainly knew how to answer, but Guan Sheng had brought the question up so directly that she was a little unsure what he meant.

Regarding the reason for raising the stake, she could explain it as a self-rescue measure by Tianjin Capital. Tianjin Capital even collected a lot of data to support this action.

For example, among several stocks in the same sector, those held by Tianjin Capital were sold off, while those not held by Tianjin Capital were rising.

Although the impact wasn't severe, the fact that this happened repeatedly cannot be described as a coincidence.

Of course, there's no way to definitively prove who did this, but it's enough to provide theoretical support for Tianjin Capital itself.

At this moment, Lin Lang chimed in, "Leader Guan, regarding the placard-raising, it was an act of self-preservation on our part."

Guan Sheng then asked, "Has the attempt to save themselves gone too far?"

"No, because if the market continues to rise, Tianjin Hybrid Selection will still face large-scale redemptions. According to the rules of public funds, selling within six months of purchase is considered short-term trading. So, in any case, we will be forced to sell under that circumstances."

Guan Sheng: "These are all just your one-sided speculations, although there are certainly some factors involved..."

Before he could finish speaking, Lin Lang stood up and began looking around.

His standing up made Guan Sheng lose interest in continuing the conversation. He looked at Lin Lang and asked, "Mr. Lin, is there anything else you'd like to say?"

Lin Lang said, "It's like this, I'd like to see if there's any multimedia projection available in this office."

"There isn't one in the office, but there is in the meeting room. Shall we go to the meeting room?"

"it is good."

"However, Mr. Lin, please tell us first, what do you need multimedia projection for?"

"Here's the thing, I'd like to give a detailed report to the leadership on the work of Tianjin Capital. Judging from what the leadership said, I think they might have some misunderstandings about Tianjin Capital. However, just talking about it is a bit weak. Luckily, I have a PPT on hand, and I'd like to explain it to the leadership clearly using the PPT."

"No problem, let's go to the conference room."

This is what Guan Sheng was waiting for.

He couldn't say anything directly; it all depended on what Tianjin Capital thought.

If Tianjin Capital is determined to undertake the off-exchange transfer through a negotiated agreement, then he can agree.

He can suppress any opinions.

But this does involve some stains.

Tianjin Capital cannot afford any more stains on its record, as that would affect its future.

Even if we suffer some temporary losses, we will do our utmost to help them overcome this crisis.

Stains are really terrible. When they're low up, it's not a big deal, but even if they're a little higher up, it doesn't have much of an impact.

However, to reach the top, even the smallest blemish can be fatal. This is why he and Luo Ze were both extremely nervous, because if they made a mistake, they would be left with a stain that could never be erased.

It doesn't affect their lower limit, but it does affect their upper limit.

Soon, we arrived at the conference room.

Lin Lang went straight to the computer to tinker with it, while Guan Sheng and Yan Li sat to the side and waited.

As the computer booted up, Lin Lang inserted the USB drive and then opened a file.

Lin Lang hadn't even given this PPT a name yet, writing 'Haven't thought of a name for it yet,' which seemed a bit hasty.

However, the first page gets straight to the point.

The first page lists the major sectors of the A-share market and their respective sizes.

Lin Lang said, "I won't explain the first page, it's quite simple. Let's start from the second page..."

Lin Lang turned to the second page, where he saw data on domestic public funds and their predicted positions in various sectors.

"The data on this page is all based on my personal predictions. If you have any questions, please feel free to raise them. I believe that the average holding of domestic mutual funds in the sectors on the first page is between 15% and 25%, with some differentiation for individual stocks, while the holdings of leading stocks are definitely much higher than 25%."

After he finished speaking, Lin Lang saw that Guan Sheng did not question him, so he opened the third page.

This third page contains only one sentence.

What is the core of public funds?
Lin Lang said, "Anyone in the industry should know that the core of public funds is their leverage! They have an unparalleled advantage in leverage. With their massive amount of leverage, they can manipulate an entire sector if they want to. This ability is called 'doing whatever they want.' The various restrictions on public funds are meant to limit their ability to do whatever they want."

Guan Sheng did not question this point.

Lin Lang then turned to the fourth page.

This page lists the relevant holdings of Tianjin Capital.

"The holdings data here is up to last Friday; the data hasn't been updated yet. From this data, you can see that Tianjin Capital has already acquired core shares. For a public fund, core shares are everything. Without these core shares, even if you have money, what can you buy? The A-share market is only so big; with hundreds of billions or trillions of yuan, there's nothing to buy."

I'm not making excuses for Tianjin Capital, but no matter when or under what circumstances, this is a necessary step for Tianjin Capital to acquire core assets. Others won't let us get them so easily.

Tianjin Capital needs to give them the feeling that they can be easily defeated before they will throw their chips at the table.

Clearly, Tianjin Capital succeeded. Not only did we acquire a large number of shares, but retail investors also gained a significant amount. For Tianjin Capital, this in itself is a great victory!

Yan Li was completely dumbfounded.

Lin Lang inexplicably started boasting about Tianjin Capital.

Next, Lin Lang turned to the fifth page. This page, like the first, contained sector data, but with noticeable changes.

"These are the current holdings of those mutual funds. Compared to the data on the first page, their core holdings have declined significantly. This decline in core holdings indicates a decrease in their control. Tianjin Capital's top ten holdings are now firmly holding them by the throat."

For example, with Muyuan Foods, because we hold a large number of shares in Muyuan Foods, they dare not push up pork stocks, because even a fool knows that Muyuan is the absolute core of the pork stock market. This means that their holdings in pork stocks have become ineffective shares.

And then there's CATL. As the top lithium battery R&D and manufacturing company in China, or even the world, our acquisition of a stake in CATL means that they can't avoid the lithium battery sector... Unless they support a new company that surpasses CATL in all aspects, their stake in the lithium battery sector will lose its meaning...

Tianjin Capital plans to acquire stakes in Tianqi Lithium and Ganfeng Lithium today, betting on raw materials to completely control this sector!
Of course, there's also the semiconductor industry, from Naura Technology Group's equipment to Will Semiconductor's design and sensors; we're also targeting their leading companies..."

As Lin Lang spoke, Yan Li and Guan Sheng both fell silent.

It wasn't until Lin Lang turned to the sixth page of the PPT that this happened.

This page contains only one sentence, a very powerful one.

What else do they have?

These words were like a wake-up call for Guan Sheng and Yan Li.

Yes, what else do they have?

Lin Lang continued, "There are only so many major sectors in the A-share market. There are also banking, finance, and infrastructure, but the potential of these sectors is limited. Are they going to gang up and speculate on bank stocks? Are they going to gang up and speculate on infrastructure stocks? They can speculate, but will there be anyone willing to take over?"

From semiconductors to new energy, Tianjin Capital has already secured the leading positions in all sectors. Their only options are to either work for Tianjin Capital or join forces in other sectors. This is what they excel at.

Immediately afterwards, Lin Lang turned to the seventh page.

Liquor!

"The liquor sector is the last burial ground I'm leaving for them! As long as Tianjin Capital can weather this storm, they'll have no other choice but to enter the consumer sector, and liquor is the core of the consumer sector."

Lin Lang paused briefly, then continued, "I haven't finished the rest of the PPT yet, but by now, Leader Guan should know the purpose behind Tianjin Capital's move, right? Our Tianjin Capital's shareholding increase is ostensibly for self-rescue, but in reality, it's to trick them into giving us chips! Once they've thrown out their core chips, if they want to buy them back, sorry, they're gone!"

Guan Sheng asked, "But does your Tianjin Capital have that much money?"

Lin Lang smiled slightly, "Yes, didn't Tianjin Capital urgently launch two new fund products?"

"Ok?"

Lin Lang: "These two products are our money! As long as we stabilize this time, the fund investors who abandoned us before will come back. However... Tianjin Hybrid Selection Fund no longer has a place for them. Therefore, our two newly launched products will become their primary target."

This time, the amount of retail investor funds involved in the top ten holdings is astronomical—it could be 200 billion, 300 billion, or even 500 billion… Once the performance of these top ten holdings falters, they will definitely dump their shares. Normally, when the stock price drops to a certain level, mutual funds will buy back their shares to regain control. But where will that retail investor money go after they exit?
Tianjin Capital's divine status has emerged. Because of the existence of Tianjin Hybrid Selection and Tianjin Global Selection, they all understand what it means for Tianjin Capital to issue a new product... Similarly, this also means that Tianjin Capital can use the money of those original shareholders to regain the chips they lost. In this way, can other public funds still get their way?
What will happen when they have fewer and fewer key assets?
What will those fund investors do when they find that they are not making money no matter what they do, and when they find that the semiconductor sector is soaring but the semiconductor funds they bought are not even able to outperform the sector, or are even far behind the sector?
That's why I say that baijiu (Chinese liquor) is the burial ground for those mutual funds. I won't give them any other choice, I won't let them regain the initiative. They can only boost consumption for me. They can push Moutai to 5,000 yuan, I welcome them; they can push Wuliangye to a market value of 2 trillion yuan, I welcome them too! But the initiative they've lost is gone forever!
Our goal at Tianjin Capital has never been to make money for ourselves, but to promote the healthy development of the entire domestic financial market! Because of the existence of those public funds, our potential in the financial industry has never been fully realized! This time, Tianjin Capital is determined to dig them out of their system and expose their weaknesses!
Moreover, it's already gone in half an inch!

(End of this chapter)